The FRED series Debt Outstanding Domestic Nonfinancial Sectors - State and Local Governments Sector is now known as State and Local Governments, Excluding Employee Retirement Funds; Credit Market Instruments; Liability.

As stated on the December 08, 2011 release:The instrument tables on municipal securities and loans (tables F.211 and L.211) have been revised from 2004:Q1 forward to reflect a change in data sources. Data on debt outstanding and net issuance for state and local governments, nonprofit organizations, and nonfinancial corporate business(industrial revenue bonds) are now based on data from Mergent, a private data vendor. The new data indicate that municipal securities and loansoutstanding in 2004:Q1 is $740 billion greater than previously estimated in the flow of funds accounts.The estimate of household holdings of municipal securities and loans is revised up by about $840 billion, on average, from 2004 forward.

Display integer periods instead of dates (e.g. ...,-1,0,1,...) with the value scaled to 100 at period 0.

Integer start/endto

Modify frequency:

Aggregation method:

Customize data:

Write a custom formula to transform one or more series or combine two or more series.

You can begin by adding a series to combine with your existing series.

Now create a custom formula to combine or transform the series.
Need help? []

For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line.
Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses {(,)}, and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100).
As noted above, you may add other data series to this line before entering a formula.

Notes:

The FRED series Debt Outstanding Domestic Nonfinancial Sectors - State and Local Governments Sector is now known as State and Local Governments, Excluding Employee Retirement Funds; Credit Market Instruments; Liability.

As stated on the December 08, 2011 release:The instrument tables on municipal securities and loans (tables F.211 and L.211) have been revised from 2004:Q1 forward to reflect a change in data sources. Data on debt outstanding and net issuance for state and local governments, nonprofit organizations, and nonfinancial corporate business(industrial revenue bonds) are now based on data from Mergent, a private data vendor. The new data indicate that municipal securities and loansoutstanding in 2004:Q1 is $740 billion greater than previously estimated in the flow of funds accounts.The estimate of household holdings of municipal securities and loans is revised up by about $840 billion, on average, from 2004 forward.

Suggested Citation:

Board of Governors of the Federal Reserve System (US),
State and Local Governments, Excluding Employee Retirement Funds; Credit Market Instruments; Liability, Level [SLGSDODNS],
retrieved from FRED,
Federal Reserve Bank of St. Louis;
https://fred.stlouisfed.org/series/SLGSDODNS,
December 9, 2016.